I wouldn't necessarily buy TiW just for the events. From everything I have seen, they are kind of sporadic. Maybe 6 or so a year. There may very well be more as I don't get the emails, but I don't recall ever seeing more than that reported. They are kinda pricey, a few hundred a person. The most common one I read about is the GMR dinner. They put tables in some of the scenes of the ride, and you walk through it from course to course. Food was reported as eh, with kinda rough service. But earlier reports said it was an awesome event. So not sure if the most recent one was meh, or they are following the trend of the parties, charging more for less.
TiW can easily be worth it for the dining discounts. The break even point varies depending on the person. I personally usually tip around 15%, so the mandatory 18% is a little more than my norm. So I view the 20% discount only as a 17% discount. With that mindset, it takes about $441 of food to break even. If you normally tip 18%, then you would be breaking even around $375. (These numbers are assuming the AP price of $75, FL Res would be higher) Figure $20 per person per TS meal, you hit that $441 in 22 meals. If you have more expensive meals, or buffets, you hit that target much faster. Our party of 4 plus infant broke even in 4 meals I believe. Boma, Chef Mickeys, Le Cellier, and then 2 2 person meals at Brown Derby and Jiko. So the 3 other trips that the card was good for were just pure gold. (Even more so since 2 trips the resort we stayed at accepted it for the CS for breakfast!)
If you do go to WDW each weekend, pull out your receipts from the last few trips. See how many of the places you ate at take TiW, and do the math. See how fast you would break even.
